15th March 2010

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Migration Institute of Australia Member

Registration Number 2846, 1971, 3447 and 327
Registered to Provide Migration Advice

Registered to Provide Migration Advice

MARN numbers:
0208366, 0742456, 0426675, 9790598 and 0852559

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In Aus on a 457 ?

457ie - Options to apply for Permanent residence

The Temporary Business (Long Stay) Independent Executive visa ceased as a visa option on 1 March 2003.

Information on how to come to Australia as a business person can be found at the Business Skills page.

Independent Executive - Further Application Onshore (457IE FAO)

Current 457 Independent Executive visa holders (in Australia) can apply to apply for a further Temporary Business Entry visa in Australia.

The visa was developed in recognition that an emerging number of Independent Executive visa holders in Australia were facing expiry of their visa, but were legitimately in business and required more time to be eligible to apply for permanent residence under the:

Established Business in Australia (EBA); or
Regional Established Business in Australia (REBA) categories; or the
State/Territory Sponsored Business Owner (Residence) category.

The 457IE FAO is a two year, multiple entry visa that allows 457 Independent Executive visa holders to remain in Australia and continue their business activities as an owner and principal.
The spouse of the original 457IE visa holder who has been engaged in business in Australia as an owner and principal of that business may also apply for a 457IE FAO as the principal applicant.
This table is a general summary only of the main criteria that may affect the eligibility of an applicant. For full criteria, refer to the Migration Regulations.

Criterion	Requirements for 457IE FAO
Time in Business	Must have conducted a business in Australia for at least 15 months as a principal. If less that 15 months, must have received an endorsement of the business as beneficial to a State or Territory from the relevant State/Territory Government business development agency
Business activity	Must be of benefit to Australia
Ownership interest	Must maintain an ownership interest in the business
Management role	Must maintain direct and continuous involvement in the management of the business; and Must make decisions that affect the overall direction and performance of the business from day to day
Background	Must be relevant to and consistent with proposed business activity; and DIAC knows of nothing adverse about business background of applicant
Net assets	Must have net assets of $250,000 or a lesser approved amount; and Assets must be available to conduct or establish the business
Presence in Australia	Must have a need to be temporarily resident to conduct the business

In Aus on a 457 ?

State Sponsorship